1. What inspired you to start CUBIO?
Biotech research is usually concentrated near major academic medical schools. Houston supports premier medical schools, such as the University of Texas MD Anderson Cancer Center, Baylor College of Medicine, TAMU IBT, UT Medical School at Houston, where cutting-edge research is leading to novel treatments for deadly diseases. Houston has the potential to compete with San Francisco and Boston for biotech innovation. Already, we’ve observed that many innovation teams within [the Texas Medical Center] are eager to start commercializing their products. Investors both within and outside of Texas are also eager to find innovative project in Texas to work with. That is why we started CUBIO: to connect these innovators with capital.
2. Why did you choose the Medical District as the office location?
The primary focus of CUBIO is biomedical and healthcare innovators in Houston. With this goal in mind, the natural choice of CUBIO’s office location is Houston’s Texas Medical Center, the largest medical center in the world. As Xconomy recently reported, the area’s future TMC Translational Research campus, or TMC3, stands to make Houston the “third coast” of biomedical in America. TMC will be a force for innovative projects and solutions around the globe.
3. What do you consider to be your greatest success?
The goal of CUBIO is to support biomedical companies in Houston. We want to see them succeed. Thus, we provide biomedical start-up companies what they need at their current stage. We offer both furnished co-working office areas and a dry lab space. What’s more, we collaborate with a wet lab and animal lab for tissue cultures, centrifuges, microscopes, cold storage and animal testing. Thus, we provide an international growth opportunity for biomedical companies by connecting them with international capital as well as market and related resources.
4. What advice do you have for those who would like to start their own company?
The hardest part of starting in a biotech venture is funding. Using an incubator is one way to save on these initial costs. Our first piece of advice for those who would like to start their own company is to utilize an incubator’s resources from the start. In addition, incubators provide a platform to connect with the community, capital, and other resources that are critical for startups. We strongly encourage startups to join.